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Charter Buying Subscribers That Comcast Divests

Pact Aims to Ease Regulatory Concerns About Merger With TWC

By

Ben Fox Rubin

Updated April 28, 2014 5:14 p.m. ET

Comcast Corp. and Charter Communications Inc. reached a deal for Comcast to divest itself of 3.9 million subscribers, in a move aimed at helping it smooth over regulatory concerns involving its $45 billion deal for Time Warner Cable Inc.

As part of the agreement, Comcast will sell 1.4 million existing Time Warner Cable customers directly to Charter for an estimated $7.3 billion in cash.